Tesla Votes To Pay Elon MORE So He STAYS CEO

In a shocking and completely backwards move, shareholders of Tesla voted to give Elon Musk MORE money so that he does NOT leave the company. This is the exact opposite of what they should be doing, as nearly all of the company’s problems stem from Musk being universally hated across the planet. But instead of voting him out and saving the company, they decided to give him even more money to keep destroying the company. Ring of Fire’s Farron Cousins explains what’s happening.

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*This transcript was generated by a third-party transcription software company, so please excuse any typos.

Just a few weeks ago, really, there were rumors that the board of directors at Tesla, the shareholders, everybody who had a stake in the company, was ready to kick Elon Musk to the curb because his decision to get involved with politics, and specifically the Trump administration, had effectively turned the entire country against him, because eventually Musk turned against Trump. So not only did the left hate him, but the MAGA people hated him too. In fact, a couple months ago, uh, international polls came out, you know, ranking the most popular public figures and least popular Elon Musk was dead last. Elon Musk is the least popular public figure out of politicians, actors, superstars, whatever it is. He is the least popular person on the planet according to the polls. He is universally hated, not just here in the United States, but across the world. And so the rumors were swirling that Tesla wanted him out.

He was tanking the brand. Tesla has lost 20% of their market value in the stock market this year, and it's 100% because of Elon Musk. So you would think that the shareholders would jump at any opportunity to not pay him and to get the him the hell out of the country. And they had that chance because last year they approved a new pay package for him of $50 billion. But the court said, absolutely not. This is completely unreasonable. It's unfair to shareholders. We're not gonna let this happen. You can't pay him $50 billion. So Tesla, the shareholders have now voted to, instead of giving him 50 billion right off the bat, they're gonna go ahead and supplement him with $29 billion in a desperate attempt to get this, get him to stay as the CEO of Tesla. They're paying him more money to not leave when all indicators say that you should be paying him no money to leave right now, that is how ask backwards the entire company, including the board of directors, the shareholders.

This is how backwards they all are. They know that Elon Musk is now toxic, and as long as he is associated with Tesla, Tesla will be toxic. I mean, the number of cyber trucks you see on the road right now is dwindling. They are sitting and quite literally rusting on dealership lots because nobody will buy them anymore. And that, by the way, is the one vehicle that Elon Musk takes credit for, you know, designing. And it's the most hideous thing that's ever been on our roadways. So the one thing he did became a complete and

Total failure. The rest of the company, Elon Musk doesn't design those things. He doesn't engineer them. He doesn't come up with ideas. He just owns the company. He didn't even start the company. He bought it after other people had started it, which is what Elon does. So he is horrible for the company. He has no good ideas. He's turned everyone against him. He has tanked the stock by 20%, and the shareholders are responding by giving him more money so he doesn't leave. If I were a shareholder, I would immediately file a lawsuit against the company. I mean, you, you have every right to do it. The, the shareholders, the board of directors are supposed to, through their fiduciary, uh, uh, uh, fiduciary duty, excuse me, only make decisions that benefit the bottom line of the shareholders. And I think there's a very strong legal argument to be made that obviously paying the toxic man, 29 billion to stay at the company is probably the dumbest and worst decision they could ever make that is going to cost the shareholders money. So if you're a litigious, sounds like a pretty good lawsuit to me. Thanks for watching everybody. And if you're not already, please subscribe to the channel.